Construct the following indices by taking 1997 as the base:
(i) Simple Aggregative price Index
Item
A
B
C
D
E
Price Rs. (1997)
6
2
4
10
8
Price Rs. (1998)
12
Price Rs. (1999)
15
3
14
16
A composite price index where the prices of the item composite are weighted by their relative importance is known as the
A weighted aggregate price index where the weight for each item is its current period quantity is called the
An index that is designed to measure changes in quantities over time is known as the:
Index number is expressed in:
Indices calculated by the chain base method are free from:
Consumer price index number is obtained by:
The most appropriate average the price relatives is:
The test which is lot obeyed by any of the weighted index numbers unless the weights are constant:
Passche index, index developed by German economist Herman Passche for measuring current price of quantity level to those of selected base period. it differs from the Laspeyres index in that it uses current period weight
The major groups for whom the consumer price index number are constructed in India
From the following data construct price index of 1995 taking 1990 as base by using Average price Relative Method:
Calculating weighted aggregate price index from the following data using Laspeyre`s method
Calculate weighted aggregate price index member from the following data by using paasches method
Commodity
Base year
Current
Price
Quantity
30
50
25
20
Calculate Laspeyres and Passche index for the following data:
The monthly capital expenditure incurred by worker of an industrial center during 1980 and 2005 on the following item are given below: The weights of these item are 75,10,5,6 and 4 respectively Prepare a weighted index number cost of living for 2005 with 1980 as base.
Calculate the cost of living index number using family budget method
Price Rs. in
Bose
If the salary of person in the base year is Rs. 4,000 per annum and the current year salary is Rs. 6,000 by how much should hid salary rise to maintain the same standard of living if The CPI of the current year is 400?
Given the following data:
Calculate the inflation of year 1998 – 99
What will be the real wage of the consumer if his money wages Rs. 10 and the cost of living index is 526?
Index for base period is always taken as:
Which formula is used in chain indices?
An index number that can serve purpose is called
Laspeyres index = 110, Paasche index = 108 then fisher ideal index equal to:
Consumer price indexes are obtained by:
Marshall Edge worth price index was proposed by:
In fixed base method the base period should be:
A series of numerical figure show the relative position is called:
P01 is the index for time:
if ∑P0 Q0 = 1360, ∑PnQ0= 1990, ∑P0 Q 0= 1344, ∑P0 Q n = 1880 then the Laspeyra`s index number is: